Big Pharma in corruption probe

first_imgThursday 12 August 2010 8:29 pm More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com The US government is investigating leading pharmaceuticals firms as part of a corruption probe. Companies including GlaxoSmithKline, Pfizer and Merck are under scrutiny for hospitality, licensing and consultant payments made across the world. The US Department of Justice and the Securities and Exchange Commission are thought to be examining whether the drugs market breaches local and US anti-bribery laws, which prohibit offering payment to state employees for profit. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Big Pharma in corruption probe Show Comments ▼center_img whatsapp KCS-content whatsapp Share Tags: NULLlast_img read more

KNOC prepares to turn hostile on Dana bid

first_img KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeInvest ClownRemember Susan Anton? Try Not To Smile When You See Her NowInvest ClownUndoDid U KnowUnsold 2020 SUVs Are Almost Being Given Away Now: See PricesDid U KnowUndoHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetUndoAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsUndoHistory 10[Gallery] The 25 Worst Casting Choices of All-TimeHistory 10UndoalldelishHere is what happens to your body when you start eating 2 eggs every dayalldelishUndoDefinitionDisappointing Photos Show What Cruise Ships Actually Look Like In Real LifeDefinitionUndotriviaboss.comIt Takes A True Country Music Fan To Ace This Quiztriviaboss.comUndoNemorb8 Things Guys Secretly Love About Women (So Pay Attention, Ladies!)NemorbUndo whatsapp Show Comments ▼ Thursday 19 August 2010 9:05 pm Sharecenter_img KNOC prepares to turn hostile on Dana bid Tags: NULL SOUTH Korea’s National oil company (KNOC) is set to turn hostile on its bid for Dana Petroleum as early as today. KNOC, which made a £1.7bn a share bid for Dana last month, has already contacted Dana’s biggest shareholders to see if they would be willing to sell their shares at £18 each – the price of its original bid. The Aberdeen-based firm which focuses on the North Sea and Egypt – led by chief executive Tom Cross – has so far rebuffed bids from KNOC. Peter Hitchins, analyst at Panmure Gordon, said: “Most people view £18-a-share as a very credible bid.”Cross is expected to use next week’s interim results to promote the value of its oil exploration price which he believes is currently not sufficiently accounted for in the offer price. More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapplast_img read more

Higher VAT and costs will hurt profits

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndo whatsapp Sharecenter_img IN recessions past, hard-up consumers have had to make do and mend. This time, they’re buying cheap and chucking away. Yesterday’s pre-close update from AB Foods showed that Primark, a leading purveyor of so-called “disposable fashion”, is going from strength to strength. Full-year like-for-like sales at the budget retailer are forecast to be six per cent higher over the year, more modest than the eight per cent gain in the first half, but still impressive considering the tough comparatives (Primark grew like-for-like sales by nine per cent in the second half of 2009). Operating margins are also expected to have improved, thanks to Primark’s famously low operational gearing. Sadly, this is as good as it gets. In 2011, Primark will be hit by a triple whammy of higher cotton prices, VAT hikes in the UK and Spain and increased freight costs. No business model – not even one as good as Primark’s – will be able to withstand such headwinds. Elsewhere the picture is mixed. The sugar division is expected to be substantially more profitable than it was in 2009, with improvements in China and the UK offsetting the effects of heavy rainfalls on the Spanish operations. The grocery division is growing at a much more modest rate than the rest of the business. Its bread brands, Allinson and Kingsmill, are struggling to compete in a cut-throat market. They are in a race to the bottom – in terms of price and marketing cost – with Hovis, owned by Premier Foods. AB Foods has done well to prosper in these times, but it has also been rewarded, with a valuation that is 17.3 times earnings. That is a hefty premium to the rest of the sector, and in light of worsening conditions ahead, it is frankly undeserved. whatsapp Higher VAT and costs will hurt profits Monday 13 September 2010 7:45 pm Tags: NULLlast_img read more

No cure for cancer and no jetpacks: the twenty-first century is a bust

first_img Show Comments ▼ No cure for cancer and no jetpacks: the twenty-first century is a bust Sunday 24 October 2010 10:10 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times KCS-content Tags: NULL whatsapp whatsapp BUSINESS FEATURES EDITORPULLING a dollar from his wallet, Peter Thiel, the 43-year old co-founder of PayPal and an early investor in Facebook, flaps it to make his point: “Giving people freedom with money is really something deep and fundamental. Government may still have a monopoly on printing these notes, but so long as you have globalisation without one world government, so long as people can move it freely from place to place, that monopoly is much less powerful.”We are sitting in the Berkeley’s Blue Bar. Thiel – played in Hollywood’s The Social Network by Wallace Langham – is in London with Max Levchin, his old PayPal colleague, for the Economist’s innovation awards. They have been collecting a business process award for PayPal, which revolutionised money transfers for the masses and is now part of eBay. PayPal was founded twelve years ago – in internet terms putting it back almost in the Jurassic age – but Thiel says “it seems a world ago and also just yesterday. Some memories of that time are just indelibly etched in my mind.” The idea they had was simple enough – email + money – but Thiel saw from the beginning its potential. Heady dreams of forming a new global currency or making it impossible for corrupt governments to steal their people’s money may not quite have come to fruition, but Thiel still sees it as an achievement that gave people more freedom about which currency to use.Still, Thiel, a serial investor and polymath who was educated at Stanford and born in Germany, is not content. He thinks we all need to worry about how slowly the world is changing. To Thiel, the financial collapse was partly a crisis of technological achievement: people have been betting on extraordinary advances to drive economic growth to cover their debts, and the advances are simply not materialising. We may feel that we are living in a world of amazing new gadgets, but the latest iPhone is a distraction from the absence of an AIDS vaccine or a lunar colony.“Globalisation is essential,” argues Thiel. “There is no good future in which the world is separate. But emerging market integration is overemphasised, and what is underemphasised is the technological innovation that can prevent some Malthusian struggle over resources.” For Thiel, this side of the equation is the responsibility of developed economies and we have been falling badly behind.Some academic evidence supports Thiel’s pessimism. In 2005, Jonathan Huebner produced a graph (right) that shows the rate of innovation peaking as long ago as 1873. In the same year, Ben Jones at Northwestern University discovered innovators were making their first breakthroughs later and later in life, slashing the years they had available for further creative insights. That latter finding makes sense to Thiel, who recently launched a fellowship that will grant twenty entrepreneurs under twenty years old $100,000 each to pursue their innovative ideas. “Somehow innovation has to be restarted. Some of the world’s most transformational technologies were created by people who stopped out of school because they had ideas that couldn’t wait until graduation.”Is the tendency for the cleverest to spend too much time studying instead of innovating part of the reason that Britain has failed to produce its own equivalent of PayPal or Facebook? “The one reason I think is very important why Silicon Valley is so innovative is that it is not considered a bad thing to be an entrepreneur there. In London, at a party if you say you’re an entrepreneur, people are more likely to wonder what’s wrong, or are you unemployed. My guess in the UK is that it’s a social thing. Under what circumstances would the Queen have an event at Buckingham Palace talking to young engineers about building things? Maybe in the Victorian days, but now?”Thiel also blames the stranglehold of regulation for holding back new developments – he sees the online world’s speedy progress as in part a result of its low-regulation. “Imagine if Twitter had to go through the FDA drug approval – how efficacious, how does it affect the brain, phase II, phase III trials.” But Thiel is trying to remedy this through his venture capital fund, the Founders Fund, which is investing in biotech and even SpaceX, which is developing low-cost space launch vehicles.“The idea of a better future seems to be a dated idea,” says Thiel. “George Osborne’s cuts are the right thing to do: where technological innovation has stalled you can’t take on more debt.” But cuts can only be the beginning. Thiel is trying to drive the frontiers of human achievement forward. If he is right, if the developed world has built itself a low-growth trap of over-regulation, over-education and risk-aversion, we all need to be worrying more about the relationship between our poor innovation levels and the global economic outlook.PAYPAL | A BRIEF HISTORY● First meetingMax Levchin attends a finance lecture at Stanford given by Peter Thiel● 1998Confinity is founded by Levchin, Thiel and Luke Nosek● 1999Elon Musk founds the payment company X.com● 1999Confinity launches its milestone project, PayPal● 2000Confinity merges with X.com● 2001X.com changes its legal name to PayPal● 2002eBay buys PayPal for $1.5bnAfter selling PayPal, Thiel founded Clarium Capital, a global macro hedge fund, that in April 2010 had returned 210 per cent since inception, but had a hard ride in 2009. Funds under management were $7.8bn in 2008, and the fund now manages around $1bn.In 2004, Thiel co-founded Palantir Technologies, which takes some of the ideas that made PayPal’s fraud rate so low and applies them to data analysis in other contexts, most notably the analysis of terrorist networks and the behaviour of the financial markets. Sharelast_img read more

BEST OF THE BROKERS

first_img whatsapp Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPuffer fish snaps a selfie with lucky divernypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com KCS-content center_img whatsapp BEST OF THE BROKERS Show Comments ▼ BSKYBS&PEquityResearch has reiterated its “hold” recommendation and target price of 740p on the satellite broadcaster after a stronger-than-expected set of Q results. Group revenues were up 15 per cent at £1.5bn. The broker also believes News Corp. could up its initial offer for BskyB from 700p per share.INCHCAPENumis has kept its rating of Inchcape at “hold” despite a better than expected Q3 trading update. Inchcape did well in Hong Kong and Australia but Singapore continued to drag. The broker says it remains cautious about the outlook for 2011 with tough trading expected in the UK, Greece, Belgium and Singapore.NESTLEEvolution Securities has stayed “neutral” on Nestlé despite it maintaining strong Q3 growth against tougher competition. The broker says the strength of the Swiss franc has led it to downgrade its 2010 and 2011 EPS forecasts by 2 per cent and 4.8 per cent respectively. It adds the current shares look fair value. Sunday 24 October 2010 10:16 pmlast_img read more

How to sell spades and avoid a knife in the back

first_img Share whatsapp Wednesday 27 October 2010 8:05 pm It was 6.30am and the teams were on their way to the Science Museum for their next challenge. “It’s either going to be something to do with science or museums”, decided Jamie, showcasing the kind of mind they could have used at Bletchley Park. In fact this was the chocolate teapot challenge: teams pick through Innovations catalogue rejects to find some impressive amateur inventions to pitch to (as the BBC have it) “major retailers”. Liz breaks recordsBut what to choose? The fitness contraption that splayed your legs and removed your dignity in one swift motion? The LED lined fencing mask that rejuvenates the skin?No wonder both teams pounced on the Baby Glow, clothes than change colour when the baby gets too hot. Apollo grabbed that one, along with the body-sculpting T-shirt that promised to banish love handles. It was an interesting mix, taking them to both the UK’s biggest online baby shop and the sex shops of Soho.On a more respectable note, Synergy took their choices (a two-handled shovel and an eco-shower) to Debenhams. A slight problem: Debenhams doesn’t stock showers or garden tools. Not to be deterred, Melissa ploughed on, choosing to overlook this minor detail. She later expressed surprise that the client thought she didn’t listen. Team leader Jamie decided it was best for him to take over the pitches. Melissa didn’t take the relegation well. Sounding like an aggrieved teenager on the back of a bus she spat, “Don’t set to out to do me, I’m not having it”, before reasserting her pitching prowess. She sold a total of six spades.With the emphasis on personal sales, the suspicion, rivalry and backbiting reached new heights. Despite some fine dirty tricks from Paloma, the star of the show was Liz, who suddenly burst into life after lying dormant for the first three episodes. She managed sales of £99,000 for the Baby Glow, breaking boardroom records and handed Apollo an easy victory.Melissa ended up in the boardroom and faced a barrage of criticisms and dodgy metaphors. “You’re like a firework… you’re like a machine gun”, fumbled Jamie while Lord Sugar compared her to a knock-off DVD. He promptly fired her but he might have to answer to a higher power. Reflecting on her persecutors she announced, “Karmically they will be retributed. The universe speaks louder than I do.” Show Comments ▼ whatsappcenter_img How to sell spades and avoid a knife in the back KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Tags: NULLlast_img read more

Consumer confidence falls again as fears over the recovery grow

first_img whatsapp Share Thursday 11 November 2010 7:41 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution KCS-content center_img whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap CONSUMER confidence fell for the fifth month in a row in October, according to the closely-followed Nationwide Consumer Confidence Index published today. The index dropped by one point over the month, meaning it now stands 32 points below its interim peak of 84 seen in February of this year. Nationwide attributed the drop in sentiment to continuing pessimism over the stability of the economic recovery, with its Expectations index – which measures how optimistic people are for the future – falling by four points to 70 – its lowest level in 19 months. Consumers also expressed a growing pessimism towards the housing market in October and now expect the value of their home to decrease by 0.9 per cent over the next six months. This compares to an increase of 0.1 per cent predicted in September.“The underlying anxiety around the strength and direction of the recovery appears to remain,” said Nationwide’s chief economist Martin Gahbauer.He said that fears over the impact of the changes announced in the Spending Review were mounting. Consumer confidence falls again as fears over the recovery grow Tags: NULLlast_img read more

Deutsche Postbank moves into profit

first_img Show Comments ▼ Deutsche Postbank moves into profit whatsapp BONN-based retail lender Deutsche Postbank unveiled a dramatic recovery in its third-quarter results yesterday, with pre-tax profit moving from a €29m (£24.5m) loss to a €71m gain. The bank is 41 per cent owned by Deutsche Bank.Nine-month earnings per share were up 25 per cent to €1 and the bank posted an improved tier one capital ratio of eight per cent versus 7.3 per cent at the half-year mark. The bank put this down to the disposal of risk-weighted assets and a currency effect.Like most European retail banks, Deutsche Postbank is gradually wearing down its loan loss provisions: they dropped from €142m last year to €134m in the third quarter of this year, despite having risen in the second quarter to €175m. whatsapp KCS-content center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushUndoDirect HealthyKate Silverton’s PartnerDirect HealthyUndo Thursday 11 November 2010 8:09 pm Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more

Government broadband plan revealed

first_img whatsapp Government broadband plan revealed KCS-content whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald center_img THE government will this morning announce an £830m strategy it hopes will make the UK the leading broadband network in Europe by 2015.A new paper will set out plans to stimulate private investment and encourage competition in the industry.This will involve encouraging firms to share their infrastructure in order to lower the costs of rolling out fast internet access.The proposals include connecting every community to the broadband network by the end of this parliament – regardless of how remote they are.Culture, media and sport minister Jeremy Hunt said: “A superfast network will be the foundation for a new economic dynamism, creating hundreds of thousands of jobs and adding billions to our GDP.Matthew Fell, CBI director for competitive markets, said: “We welcome the Government’s strategy for achieving the best superfast broadband network in Europe by 2015. Now more than ever, it is crucial that the UK can compete for business and drive economic growth on the basis of its digital infrastructure, particularly in industries where we have a natural strength such as the creative sectors.“Government must now work with private sector operators to ensure that they have the framework they require to invest with certainty and confidence in the UK market.” Show Comments ▼ Sunday 5 December 2010 10:58 pm Share Tags: NULLlast_img read more

Cadbury asks for police advice over protesters

first_img More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tuesday 7 December 2010 8:54 pm Show Comments ▼ CADBURY owner Kraft has asked for police advice to protect its factories from protesters after City A.M. revealed it may be targeted for moving parts of its business offshore.Kraft says parts of Cadbury will still be registered in the UK but that the ownership of most of the firm would move into line with Kraft’s other European operations in Switzerland.Philip Green’s flagship Topshop on Oxford Street was forced to close on Saturday after a group of protesters glued themselves to its window in response to his tax situation.Green has come in for criticism after saving an estimated £300m in tax by paying his wife, a resident of Monaco, a £1.2bn dividend. Sources close to Cadbury told City A.M. the firm is worried its staff may be put in danger by protests.A spokesman for protest group UK Uncut confirmed Cadbury could be a target but said it has not made any final decisions.Cadbury heiress Felicity Loudon added to pressure on the chocolate maker yesterday when she said Kraft, which snapped up Cadbury for almost £12bn in January, “doesn’t give a damn” about the UK. KCS-content Tags: NULL Sharecenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Cadbury asks for police advice over protesters whatsapplast_img read more